Wipro Q1FY23 results: A look at the performance in the last four quarters

Wipro Limited will announce its financial results for the first quarter of the financial year 2022-23 (Q1FY23) on Wednesday. Last quarter, the company posted a 28.4 per cent year-on-year (YoY) increase in gross revenue, which rose to $2.7 billion. The operating margin was recorded at 17 per cent.

The largest part of the company’s revenue came from banking, financial services and insurance, which accounted for 35.4 per cent of the total. The consumer segment followed with a 17.9 per cent share of the revenue.

Marginal rise in gross revenue

In the last four quarters, the company has seen a marginal rise in gross revenue. In Q1FY22, the gross revenue stood at $2.5 billion. It rose to $2.7 billion in Q2FY22. In Q3FY22 and Q4FY22, it remained constant at $2.7 billion.